1 Aug 2009

No more working capital for ProvencoCadmus

6:01 am on 1 August 2009

ProvencoCadmus says some of its largest shareholders are refusing to fund further working capital.

Its share price fell by nearly half earlier this week after the payment technology company admitted that it needs short term support to tide the business over.

Chairman Rick Christie says other shareholders and broader restructuring avenues are still being pursued.

He says the group continues to face risk and uncertainty with its forecast cash flows.